Core Insights - The article discusses the impact of Trump's trade protection policies on India, highlighting the unintended consequences for Indian exporters and the subsequent trade negotiations between India and the U.S. [1][3][5] Trade Policy Impact - After Trump's second inauguration in January 2025, he reinstated trade protection policies, imposing tariffs on various countries, including a peak tariff of 145% on Chinese goods, which later reduced to around 47% [1] - Indian exporters faced significant challenges as the U.S. imposed a 50% tariff on Indian goods, leading to a drastic decline in exports and operational difficulties for Indian manufacturers [5][9] Bilateral Trade Negotiations - In February 2025, Modi visited Washington to initiate bilateral trade talks, aiming to increase trade from $190 billion to $500 billion, with India making concessions on tariffs for U.S. products [3][11] - By October 2025, both countries were under pressure to reach an agreement, resulting in India increasing imports of U.S. agricultural products and the U.S. easing tariffs on certain Indian goods [11][13] Economic Consequences - The tariffs led to a 37.5% drop in Indian exports to the U.S. from May to September 2025, severely affecting sectors like textiles and engineering [9] - The Indian government attempted to mitigate the economic fallout through subsidies and tax reductions, but businesses reported that these measures were insufficient without access to the U.S. market [9][11] Future Outlook - By November 2025, negotiations progressed towards a preliminary trade agreement, with expectations of reducing U.S. tariffs on Indian goods to 15-16% and addressing market access issues [13] - The article concludes that while the immediate crisis was averted, the dream of a significant manufacturing shift from China to India remains unfulfilled for the foreseeable future [13]

Group 1 - KKR has announced a long-term strategic partnership with Harley-Davidson's financial services company, HDFS, with a transaction value of $5 billion (approximately 36 billion RMB) [1] - Harley-Davidson has faced declining sales among younger consumers, prompting the company to sell its financial services division [5][6] - The sale of HDFS is part of Harley-Davidson's strategy to reduce its financial burden amid a significant drop in motorcycle sales and revenue [5][6] Group 2 - KKR's recent financial performance shows a 17% increase in management fee income to $887 million, with adjusted net income reaching $1.1 billion [8] - KKR raised $28 billion (over 200 billion RMB) in the last three months, increasing its total assets under management to $686 billion [8] - KKR's investment strategy remains active, with significant capital allocated to various sectors, including a focus on the Asian market [9][10]

Core Viewpoint - KKR has announced a strategic partnership with Harley-Davidson's financial services company HDFS, with a transaction value of $5 billion (approximately 36 billion RMB) [4][5]. Group 1: KKR and Harley-Davidson - KKR has a historical connection with Harley-Davidson, having previously shown interest in acquiring the company about a decade ago [4]. - The acquisition of HDFS is part of Harley-Davidson's strategy to divest non-core assets amid declining sales and market challenges, particularly among younger consumers [9][10]. - Harley-Davidson's overall revenue decreased by 19% to $130.7 million in Q2, with motorcycle shipments down 28% year-over-year [9][10]. Group 2: Financial Performance and Market Context - KKR's management fee income grew by 17% to $887 million in the last quarter, with adjusted net income reaching $1.1 billion, slightly exceeding market expectations [11]. - KKR raised $28 billion (over 200 billion RMB) in the last three months, increasing its total assets under management to $686 billion, aiming for $1 trillion by 2029 [11][12]. - KKR's private equity portfolio shows that about 60% of its investments are valued at over 1.5 times their cost, indicating strong performance in its investment strategy [12].